You can sell a home in any economy. The question is are you willing and able to set a price that will result in a sale. Renting is an option but ask yourself are you ready to be a landlord; will I have a positive cash flow; what will my carrying costs really be (be mindful to calculate your property taxes which may increase when it is no longer your homestead); how will the property being a rental effect the insurance premium I pay; and if you are looking to buy another home, will I qualify for a second mortgage.
As for fixing up the home, I would fix the roof and the front yard. Curb appeal makes a huge statement to any buyer. And the roof, every buyer I have ever worked with or shown a home to asks the same question, "How old is the roof?".
If you decide to sell I wish you the best of luck.
Prudential Tropical Realty
If you still want to sell it, make sure you list it with a brokerage with a high visibility on the internet for Tampa Real Estate so you get a lot of exposure on your property on their website. Over 80% of buyers are online so your listing should be very visible to them.
Yes, it's possible to sell in this market but is is very competitive. Short sales and foreclosures have created the new market level with their pricings.
Since you will be competing with these homes you will need to price your home based on this information. Pricing your home higher than the going rate will only serve to delay your sale and ultimately bring you less in sale price.....pricing it right is the key.
The Eckler Team